The total revenue curve of a firm is R(q)= 40q-12q2 and its average cost A(q)=1/30q2-12.85q+20+400/q where q is the firms output iv) Determine the level of output for which th efirms profit is maximized v) What is the firms maximum profit?
The total revenue curve of a firm is R(q)= 40q-12q2 and its average cost A(q)=1/30q2-12.85q+20+400/q where q is the firms output iv) Determine the level of output for which th efirms profit is maximized v) What is the firms maximum profit?
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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The total revenue curve of a firm is R(q)= 40q-12q2 and its average cost
A(q)=1/30q2-12.85q+20+400/q where q is the firms output
iv) Determine the level of output for which th efirms profit is maximized
v) What is the firms maximum profit?
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